{"id":260936,"date":"2024-03-07T23:09:10","date_gmt":"2024-03-07T17:39:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=260936"},"modified":"2024-03-07T23:09:10","modified_gmt":"2024-03-07T17:39:10","slug":"sol-surges-as-pantera-looks-to-buy-tokens-from-ftx-estate-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sol-surges-as-pantera-looks-to-buy-tokens-from-ftx-estate-crypto-news\/","title":{"rendered":"SOL Surges As Pantera Looks To Buy Tokens From FTX Estate – Crypto News"},"content":{"rendered":"

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The crypto hedge fund aims to raise $250M for a new fund that could purchase up to $250M of discounted SOL held by the defunct exchange.<\/p>\n

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Solana\u2019s native cryptocurrency, SOL, is surging on news that crypto-focused hedge fund Pantera Capital is reportedly raising money to purchase SOL tokens from the estate of bankrupt crypto exchange FTX.<\/p>\n

According to Bloomberg<\/a>, Pantera aims to raise money for the Pantera Solana Fund, which can potentially purchase up to $250 million worth of SOL tokens from the FTX estate.<\/p>\n

SOL is up nearly 15% in the past 24 hours.<\/p>\n

<\/p>\n

SOL Price<\/figcaption><\/figure>\n

<\/a><\/p>\n

Investors will have the option to purchase SOL at a substantial discount \u2014 either 39% below the 30-day average price or $59.95 \u2014 with an agreed vesting period of up to four years. Such a deal would allow FTX liquidators to free up funds for creditors without putting pressure on the token’s price.<\/p>\n

According to marketing documents seen by Bloomberg, the FTX estate holds 41.1 million SOL \u2013 currently worth over $6 billion. SOL has rallied roughly five-fold since FTX collapsed in November 2022.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The crypto hedge fund aims to raise $250M for a new fund that could purchase up to $250M of discounted SOL held by the defunct exchange. Solana\u2019s native cryptocurrency, SOL, is surging on news that crypto-focused hedge fund Pantera Capital is reportedly raising money to purchase SOL tokens from the estate of bankrupt crypto exchange […]<\/p>\n","protected":false},"author":2,"featured_media":260937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-260936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=260936"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260936\/revisions"}],"predecessor-version":[{"id":260938,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260936\/revisions\/260938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/260937"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=260936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=260936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=260936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}